State Bank of Patiala hikes Interest for FDs to 9.50%

Patiala, Feb 23 (UNI) State Bank of Patiala today hiked the Bank's fixed deposits rates under the Platinum Deposit Scheme with effect from today.

For fixed deposits of three years and above, the Bank will now pay 9.75 per cent instead of 9.25 per cent for senior citizens while for General public, the interest rate will be raised to 9.50 per cent from nine per cent.

Minimum deposits under this scheme was Rs 25,000, an official statement said here.

UNI